Sei Investments Co. Buys 12,396 Shares of REX American Resources Corporation $REX

Sei Investments Co. raised its stake in REX American Resources Corporation (NYSE:REX) by 27.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,127 shares of the energy company’s stock after purchasing an additional 12,396 shares during the quarter. Sei Investments Co.’s holdings in REX American Resources were worth $2,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of REX. Hantz Financial Services Inc. boosted its position in shares of REX American Resources by 133.4% during the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after buying an additional 515 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in REX American Resources by 359.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock valued at $29,000 after buying an additional 704 shares during the last quarter. Parallel Advisors LLC raised its position in REX American Resources by 97.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after buying an additional 564 shares during the last quarter. Simplex Trading LLC bought a new position in REX American Resources during the 4th quarter valued at $35,000. Finally, US Bancorp DE lifted its stake in REX American Resources by 100.0% during the 3rd quarter. US Bancorp DE now owns 2,680 shares of the energy company’s stock valued at $82,000 after acquiring an additional 1,340 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stuart A. Rose sold 15,186 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $43.64, for a total value of $662,717.04. Following the transaction, the insider directly owned 573,094 shares of the company’s stock, valued at approximately $25,009,822.16. The trade was a 2.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas Bruggeman sold 5,086 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the transaction, the chief financial officer owned 254,084 shares of the company’s stock, valued at approximately $12,381,513.32. The trade was a 1.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,086 shares of company stock worth $4,643,829 over the last quarter. Company insiders own 13.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

REX American Resources Stock Down 1.2%

REX stock opened at $42.79 on Friday. The business has a 50 day moving average of $44.91 and a 200-day moving average of $42.55. The firm has a market cap of $1.41 billion, a PE ratio of 15.25 and a beta of 0.64. REX American Resources Corporation has a 12-month low of $25.66 and a 12-month high of $53.36.

REX American Resources (NYSE:REX) last posted its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.42. The business had revenue of $156.50 million for the quarter, compared to analysts’ expectations of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.

REX American Resources Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.